BRENT BUY!The daily upward trend. We have a good one-hour demand on the 4-hour trendline and we are looking to buy.
UKOIL trade ideas
OIL 139?if price would maintain above 82, then Oil looks like its headed back up to 100, possibly 140... with current world events.
Oil PutsLooks like black gold is headed south after completing bearish pennant. First demand zone isnt likely to hold the price and will probably drop it to the next demand zone.
Let me know what you think.
Oil analysis 1 HOil analysis on the hourly time frame. Oil is trading in an upward trend, and we are waiting for oil to retest the rising trend line and the demand zone.
UK Brent OIL 4H : try to retest and then rise UKOIL
New forecast
The price perfectly fulfills my last idea and price reached our second target + 300 pip .
The price of Brent crude futures traded strongly positively yesterday, breaching the 92.52 level and confirming a return to the ascending channel once again, reactivating the positive scenario and heading towards achieving positive targets starting at 95.00 and then 96.00.
The 50 moving average supports the price from below to reinforce the continuation of the suggested upward trend, which will remain in effect provided that the price maintains its stability above the 92.52 level.also its possible to retest to 92.52 and then rise up again .
The expected trading range for today is between support 92.52 and resistance 95.00 until breaching one of them .
Be careful because of the war between Palestine and Israel, we may witness unexpected movements .
support line : 92.52 , 91.00
resistance line : 94.00 , 95.00
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Strifor || UKOIL-10/20/2023Preferred direction: SELL
Comment: Yesterday, oil still showed growth and we were forced to exit with a stop loss. However, the priority of sales remains and today once again we are considering sales from current prices with a target of 90.72 and even with fixation below.
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OIL EW COUNT (potential hedge against recession)Just a EW count on OIL
Personally I dont think there is huge upside on OIL, but if we get a nice pullback towards the $50-$47 area, could be worth it to take a position and hold it for few years especially if markets get choppy volatile and give off massive dumps - please check my analysis on SPY: and NDX:
I will provide a more in depth analysis on these important charts over the next few weeks as markets print and provide us more clarity.
Brent Crude Speed LinesI'm going for Speed Lines combined with Fibonacci retracement tool. Price is at a level of importance previous support now resistance. Uncertainty is our game so we should anticipate all possible moves the price can take and then trade the move with the highest probability. With what is going on in the world and social media still expecting Oil to go to $100 my bias is bullish. at least for now.
OIL UPGiven the circumstances and technical looks, BRENT is about to sky rocket as it seems. This is a high probability trade for futures and option enthusiasts.
BUY BRENT for uptrend continuation update
BUY BRENT NOW ✅
STOP LOSS : 88.25
TAKE PROFIT : take profit will be when the trend comes to an end and will be shared with my vip members .
Remember to risk only what you are comfortable with…….trading with the trend, patient and good risk management is the key to success here
Crude Oil: Planning Strategies Today
Through the analysis of the hourly chart of crude oil, we know that the market rose first and then fell yesterday, forming a shock upward breakthrough trend yesterday. By comparing with the previous period, we already said last week that we expected to form a bullish trend. When the high level fell in the early period, all the moving averages began to turn around. The downward movement forms a turning point from bull to bear. From the formation of a wave of decline, all the moving averages have formed a bull trend. All the moving averages below are supports, and the MACD below has always been running above the zero axis. The market is very likely to make further upward breakthroughs. In terms of operation, we continue to think high and low and focus on going long on dips and shorts. The specific suggestions are as follows:
Crude oil 90 and 91.50 are long respectively.
Crude oil is short at 95.0 and 95.6 respectively.
Strifor || UKOIL-10/19/2023Preferred direction: SELL
Comment: After the rally in oil, prices are most likely ready for a correction. The downward correction is expected to continue. Positions are considered from current prices with a view to approaching level 88. Presumably, after which there will be a pause and a likely continuation of the fall.
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XBRUSD POTENTIAL BULLISH MOVEXBRUSD prints more bullish price action as it currently trades at 89.55 . from H1 perspective, it could trade upto 90.88.
UK Brent Oil 4H : failure to stable at the bullish channelUK BRENT OIL
New forecast
The price of Brent crude oil contracts was not able to hold for long above the support of the ascending channel, trading negatively and heading towards a possible test of the pivotal support 89.55.
The conflict between technical factors makes us prefer to remain neutral until we get a clearer signal for the next trend, noting that breaking support 89.55 is the key to resuming the downward correction and achieving negative targets starting at 88.38 and extending to 86.93 in the near term .but if price failure to breach the support 89.55 and stabilized under it then the price will try to rise up and start a correction to 91.00.
The expected trading range for today is between support 89.55 and resistance 91.00 until breaching one of them .
Additionally ,Today News will affect the market .
Be careful because of the war between Palestine and Israel, we may witness unexpected movements .
support line : 89.55 , 88.38
resistance line : 91.00 , 92.52
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
On Factors Influencing the Price of Oil: Biden, Israel, VenezuelPushing off the lower boundary of the ascending channel, the price of Brent oil rose by more than 8% amid fears of an escalation of conflict in the Middle East, which should pose a problem both for the US economy, which suffers from high inflation, and for President Biden personally on the eve of the elections.
The situation is aggravated by the fact that oil reserves in US strategic storage facilities are near minimums since 2014. That is why:
→ it can be assumed that the goal of containing the rise in oil prices was one of the motives for Biden’s visit to Israel on Wednesday. It is expected that the price of oil may be affected by Biden's speech from the Oval Office, scheduled for Thursday evening 20:00 ET (or Friday night at 03:00 GMT+3);
→ the United States has eased sanctions against Venezuela, which has the largest oil reserves in the world.
From a technical analysis perspective, a rally from the October lows (B) after a decline from the September highs (A) may confirm that important divergent drivers are battling in the market.
The Brent crude oil chart shows that:
→ resistance is provided by the median line of the ascending channel;
→ resistance is also observed from the level of USD 91, which served as support in September;
→ the presence of selling pressure is also evidenced by the long upper shadow on yesterday’s candle.
However, will the resistance be able to hold out if the situation in the Middle East, which provides a third of world oil consumption, continues to escalate? According to Bloomberg, there are concerns that Israel's expected ground offensive on the Gaza Strip could provoke a more aggressive response from Iran-backed Hezbollah in southern Lebanon and perhaps from Tehran itself.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
xbrusd
📣 Based on the chart structure on the 1-hour timeframe, the price is currently in a downtrend. If the level of 88.00 is broken, it may present a buying opportunity with a target at 91.00.
⛔ Stop Loss: 86.00
Oil: Bullish Momentum Continues on Supply Disruption ConcernsTechnical Analysis
15-minute chart:
On the 15-minute chart, Brent oil is currently trading in a bullish uptrend. The price is above the 20-period and 50-period moving averages, and the MACD indicator is above its signal line. This suggests that the bulls are in control and that the price is likely to continue to rise in the near term.
4-hour chart:
On the 4-hour chart, Brent oil is also trading in a bullish uptrend. The price is above the 20-period and 50-period moving averages, and the MACD indicator is above its signal line. However, the RSI indicator is nearing overbought territory, which suggests that a pullback may be due in the near term.
Daily chart:
On the daily chart, Brent oil is also trading in a bullish uptrend. The price is above the 20-period and 50-period moving averages, and the MACD indicator is above its signal line. The RSI indicator is also in neutral territory, which suggests that there is no overbought or oversold condition.
Overall, the technical analysis suggests that Brent oil is likely to continue to rise in the near term. However, investors should be aware of the potential for a pullback if the RSI indicator enters overbought territory.
Trading Strategy
Traders who are bullish on Brent oil could consider buying the dips. A stop loss could be placed below the 20-period moving average, and a take profit target could be placed at the next resistance level.
Traders who are bearish on Brent oil could consider shorting the rallies. A stop loss could be placed above the 20-period moving average, and a take profit target could be placed at the next support level.
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TradePlus-Fx|BRENT: now on sell💬 Description: Oil remains one of the most interesting instruments at the moment, which is due to the aggravated geopolitical background. Metals are the same story.
In our previous trading idea for oil, we assumed entering a long position with the goal of reaching level 91 . This happened, but the main idea and the more promising one - sell. At the moment, a good context has been formed to enter the short, as we need. One can consider a dynamic set of positions, since a false breakout upward cannot be ruled out, after which the price will fall even more rapidly. The target of the trade is located at the gap formation level, that is, at level 85 .
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UK Brent Oil 4h : support further rise UK BRENT OIL
New forecast
The price perfectly fulfills my last idea.
Brent crude futures price trades rebounded downward after failing to overcome the resistance that was formed at the previously broken support of the main ascending channel at 91.01, putting pressure on the 89.52 level and moving above it now, which pushes the price to return to the upward path again, on its way to achieving positivity goals starting at 91.01 and extending. To 92.52 after breaking the previous level.
Therefore, we expect to witness further rise during the coming sessions, noting that breaching 89.52 and holding below it will push the price to losses again, starting with testing the 88.36 areas.
The expected trading range for today is between support 88.36 and resistance 91.00 until breaching one of them .
Additionally ,Today News will affect the market .
Be careful because of the war between Palestine and Israel, we may witness unexpected movements .
support line : 89.52 , 88.36
resistance line : 91.00 , 92.52
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
UK Brent Oil 4H : head to our second goal UK BRENT OIL
New forecast
The price perfectly fulfills my last idea and price reached to our first target + 60 pip and waiting for second target .
The price of Brent crude oil contracts was able to touch our first positive, expected target at 91.00, and attempts are being made to return to the main ascending channel, heading towards achieving more expected gains in the immediate and short term, on its way to visiting levels of 92.52 and then 94.00 as next positive stations.
Therefore, we expect the upward trend to continue during the coming sessions, keeping in mind that stability above 88.36 represents an important condition for achieving the proposed goals, so now its possible to formed a correction to near 88.36 and then rise up .
The expected trading range for today is between support 88.36 and resistance 91.00 until breaching one of them .
Additionally ,Today News will affect the market .
Be careful because of the war between Palestine and Israel, we may witness unexpected movements .
support line : 89.52 , 88.36
resistance line : 91.00 , 92.52
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
UKOIL/CRUDE OIL - PUMP to 184$\5555In this tutorial idea, I have shown a custom numerological fib that can work as a support, resistance and buffer zone for local and global trend reversal. Also Gann, which indicates reversals in the trend and all this together can be used for both global and local work. Also we see that exactly from the high we have had 5555 days for the strong decline that is happening right now, I expect a test of the buffer zone and strong support at 0.444 fibs and a reversal up. Often, if they want to make a massive dump and trend reversal, a deep call is made behind 0.333 fib and even a possible test of 0.222 fib and after a strong decline, this did not happen, we gently touched 0.333 on day 5555 and flew down. Nothing more than a local knockout and liquidity gathering before the flight due to the complicated geopolitical situation.
Crude Oil 88.549We'll be watching the 88.549 level.
Price action above this level represents a Bull Bias, hence focus on Buy Entries/Setups.
DeGRAM | UKOIL fibo cluster levelUKOIL is moving to resistance at 91.00 and a fibo cluster.
The price printed the AB=CD pattern.
The oil market is approaching major resistance and fibo golden zone on the 4H chart.
We anticipate a reversal from the resistance level.
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